Barbados Is In Serious Financial Trouble Currently!
This island is in serious financial debt. And they are seeking help from the IMF to bail them out.
This island gets it’s revenue mainly from tourism, and that alone cannot suffice it’s internal needs.
The private sector also contributes to the revenue coffers, but that also is not enough to keep this nation economically viable.
However, when you are so small in size, with a small population, with little or no exports, and dependent upon tourism for survival.
All of these factors determine if you will sink or swim in an economic crisis.
Derryck S. Griffith.